Listing Real Estate Auctions
These simple steps can go a long way in making your Real Estate auction successful.
Be as descriptive as possible
Better information will lead to more bidders, higher bids, and less questions that will need to be answered. What type of property is this? Are there any utilities? Is this a tax sale?
Set your boundaries
Include a specific contact person to address questions regarding the auction(s). If applicable, include a single inspection time for the property or dwelling for all interested parties to visit, like an open house.
Be precise
If you know what the property you are selling is zoned for, please include it in the description. If you have an appraisal, this is also great information to upload.
Stay one step ahead
Include lot size or dimensions in the auction description. Describe additional items if any are included. Outline the process and timeline regarding the transfer of the deed to the winning bidder.
Keep prospective buyers informed
Include any legal disclosures and rights of the seller, as well as the kind of Deed that will be provided to the buyer.
Announce any taxes, liens, or fees
Inform the buyer that there will be added fees at the end of the auction and detail how those fees are calculated.